In the October Global Financial Stability Report, The IMF said "higher growth in household debt is associated with a greater probability of a banking crises." Throughout most advanced countries the ratio of debt to GDP is around 63 percent. But down under, household debt has increased to repre...
Households Debt to GDP 110.30 109.70 percent of GDP Mar 2024 Housing Credit MoM 0.50 0.40 percent Sep 2024 Personal Savings 0.60 0.60 percent Jun 2024 Private Sector Credit MoM 0.50 0.50 percent Sep 2024 Retail Sales MoM 0.10 0.70 percent Sep 2024 Retail Sales YoY 3.10 2.30 percent Aug 2024Au...
The massive amounts of mortgage debt associated with nosebleeds housing valuations has resulted in Australia having one of the highest household debt to GDP ratios on the planet, at a staggering 130% (second only to Switzerland, and well above the 75% typical of most advanced economies) ...
A decline in Sydney and Melbourne home prices has eaten into consumer wealth at a time when the household debt to income ratio is at a record high. A long stretch of unusually slow wages growth has also throttled household incomes, further hitting demand. Output per person has been struggling...
Consolidated Fiscal Balance: % of GDP (%) -1.8 Jun 2024 quarterly Jun 2003 - Jun 2024 Forecast: Government Expenditure (AUD bn) 1,268.078 2029 yearly 1988 - 2029 Forecast: Government Net Debt (AUD bn) 1,568.589 2029 yearly 1989 - 2029 Forecast: Government Revenue (AUD bn) 1,234.249...
Adelaide +0061 8; Albury +0061 2; Alice Springs +0061 8; Ballarat +0061 3; Bendigo +0061 3; Brisbane +0061 7; Bunbury +0061 8; Bundaberg +0061 7; Cairns +0061 7; Canberra +0061 2; Coffs Harbour +0061 2; Darwin +0061 8; Forrest +0061 815; Geelong +0061 3; Gibson +0061 706;...
Household income or consumption by percentage share lowest 10%:2% highest 10%:25.4% (1994) Remittances 0.06% of GDP (2021 est.) 0.09% of GDP (2020 est.) 0.13% of GDP (2019 est.) Budget revenues:$479.33 billion (2019 est.) expenditures:$532.579 billion (2019 est.) ...
HOUSEHOLD DEBT % (% of disposable incom e) % Ageing population driving productivity challenge Population % GDP per capita growth 2.5 2 2.25 1 50 1 20 90 60 30 0 1 979 1 982 1 985 1 988 1 991 1 994 1 997 2000 2003 June 1 50 1 20 90 1.5 Participation 1 0.5 Productivity 1.5 ...
between2003/04and 2009/10wasdrivenbychangesinthesavingbehaviourassociatedwithcertain householdcharacteristics,ratherthanchangesincharacteristics:householdswith lesssecureincomeand/orthosevulnerabletoassetpriceshocks,higher-educated households,youngerhouseholdswithdebtandolderhouseholdswithwealth increasedtheirpropensitytosave...
Total government debt in Australia is about $190 billion– 20 per cent of GDP in 2010. Australia has among the highest house prices and some of the highest household-debt levels in the world. Over the past decade, inflation has typically been 2-3 per cent and the base interest rate 5-...